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The WikiFX Score of this broker is reduced because of too many complaints!

Cooper Markets

Saint Vincent and the Grenadines|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://main.coopermarkets.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Singapore 3.37

Surpassed 15.30% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 784 456 2482
info@coopermarkets.com
https://main.coopermarkets.com/
Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown St Vincent and the Grenadines
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

More

Danger

ID BAPPEBTI
2022-02-02

Warning

SG MAS
2021-08-24
Investor Alert List
Cooper Markets

Danger

MY SCM
2021-01-01
INVESTOR ALERT LIST
Cooper Markets

Contact number

English

+1 784 456 2482

Other ways of contact

Broker Information

More

Company Name

Cooper Markets

Abbreviation

Cooper Markets

Platform registered country and region

Saint Vincent and the Grenadines

Company website
X
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Pyramid scheme complaint

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This platform is a Ponzi Scheme. Please stay away! 4
Previous Detection : 2024-11-21
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 72 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Cooper Markets · WikiFX Survey

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Cooper Markets · Company Summary

General Information & Regulation

Cooper Markets is a Forex and CFD broker and this broker is not subjects to any regulation at this stage. Traders are advised not to choose an unregulated broker, as they can guranteen clients funds.

Market Instruments

Investors can trade popular currency pairs in the Forex market, metals (silver & gold), energy, commodities, and CFD products with Cooper Markets.

Minimum Deposit

Cooper Markets offers investors four different types of trading accounts: Standard ($100 initial deposit), ECN ($3,000 initial deposit), Premium ($100 initial deposit), and Swap-free ($500 initial deposit).

Cooper Markets Leverage

When it comes to trading leverage, the maximum leverage level offered by this broker is up to 1:500, relatively high. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

Spreads start at 1.6 pips for Standard accounts, 0.8 pips for ECN accounts, 2.2 pips for Premium accounts, and 1.6 pips for SWAP-free accounts. Objectively speaking, the spreads offered by Cooper Markets are above the industry standard.

Trading Platforms

Cooper Markets offers traders the market-leading and widely acclaimed MT4 trading platform, as well as MT4 Android, MT4 Desktop, and MT4 iPhone. MT4 has powerful charting tools and a large number of custom technical indicators, supports EA and automated trading, and helps traders of all levels to develop differently. It helps traders of all levels to develop different trading strategies to get ahead in the financial markets.

Deposit & Withdrawal

Cooper Markets supports traders to deposit and withdraw funds from their investment accounts through a variety of payment methods, such as the popular e-wallet payments Skrill, Neteller, Perfect Money, Fasapay as well as some local banks in Malaysia, Thailand and Indonesia.

News

BREAKING! Blind Malaysian Lost over 430K to scammers!

ExposureBREAKING! Blind Malaysian Lost over 430K to scammers!

2023-08-11 12:36

Forex scams are devoid of humanity, preying even on individuals with disabilities and sparing no one. Apart from people with disabilities, numerous retirees have also become ensnared in these schemes. Without further ado, take a closer look at the grievances of these individuals and their complaints.

WikiFX
2023-08-11 12:36
Exposure
BREAKING! Blind Malaysian Lost over 430K to scammers!

Review 76

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